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By Syndicated Content
By David Shepardson
WASHINGTON (Reuters) â The U.S. Securities and Exchange Commission has opened an inquiry into the U.S. unit of Volkswagenâs AG over a marketing stunt in which it falsely said it was changing its name in the United States to âVoltswagen,â a person briefed on the matter confirmed.
Spiegel first reported the inquiry and the SECâs request for information about the issue made in early April and quoted VW as confirming the investigation.
Volkswagen declined to comment on the matter to Reuters. The SEC did not respond to a request for comment.